South African financial institutions could learn a thing or two from innovations abroad that provide for retirement. Many people consider their homes, which they intend to sell on retirement, as their pension. The problem is that downsizing does not necessarily save money as townhouses, clusters or retirement villages often carry a premium price.
Before using a financial adviser, it is worth checking if he or she has been ”S-referenced” by the Life Office’s Association (LOA). The system aims to protect consumers from advisers who are considered unfit to be marketing the products of the long-term-insurance industry. The system is one of self-regulation operated by the LOA.
To many he is the greatest scientist who ever lived, but a unique collection of Albert Einstein’s letters and papers has revealed a history of struggle and failure made worse by an apparently shaky grasp of maths. An archive, shows how after securing unprecedented celebrity status with his general theory of relativity in 1916, Einstein suffered years of frustration as he failed to top that with ”a grand theory of everything”.
It was just the sort of message British Finance Minister Gordon Brown wanted to see. As he arrived at the Hilton in the Nigerian capital of Abuja this week to warn Africa that stamping out corruption was the flipside of greater financial generosity from the West, the TV monitor behind the reception desk said: ”Important notice. Anti-money-laundering measures are observed in this hotel.”
The government’s Accelerated and Shared Growth Initiative for South Africa differs from its two predecessors, the growth, employment and redistribution strategy and the Reconstruction and Development Programme, in its strong emphasis on defined and specific growth-enhancing projects. These include the delivery of physical infrastructure and a detailed programme for the provision of skills.
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African National Congress deputy president Jacob Zuma left the party’s National Executive Committee (NEC) meeting at Esselen Park before its conclusion Saturday, but there were conflicting reports on why he did so, City Press reported on Sunday.
Grieving quake survivors scavenged for food in the debris of their houses on Sunday and pleaded for aid, as the world promised to help Indonesia recover from the latest in a string of deadly natural disasters. By nightfall, the death toll from the magnitude 6,3 quake had reached more than 4Â 300 people, officials said.
Fresh photographic evidence seen by United States investigators is believed to reveal that some of the 24 unarmed Iraqis killed in the Iraqi town of Haditha after an American died in a roadside bomb in November were in effect executed, it was reported on Saturday.
The 19 South African passport-holders arrested by the Democratic Republic of Congo authorities on allegations that they were hatching a coup have been deported from Kinshasa and were expected to arrive at the Johannesburg International Airport on Sunday evening.
New Zealand rugby officials have defended the decision to go ahead with the fog-bound Super 14 rugby final in Christchurch on Saturday, but said the match would have been postponed if it was any thicker. The match was reduced to a farce at times in the pea-souper that shrouded Jade Stadium, where the Canterbury Crusaders emerged from the fog as 19-12 victors over the Wellington Hurricanes.